Disclosure: This page contains affiliate links marked with (Ad). If you click through and make a purchase, we may earn a commission at no extra cost to you. Learn more

Sherman, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
4,386
Population
$148,906
Median Income
$297,800
Home Value
45.6
Median Age

Demographics

Sherman has a population of 4,386 with a median age of 45.6. Here is the racial and ethnic breakdown of the population:

White
90.2%
Black
8.5%
Hispanic
1.0%
Demographic Value
Total Population4,386
Median Age45.6
White90.2%
Black or African American8.5%
Hispanic or Latino1.0%
Sherman, Illinois — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 90.5%Black: 8.5%Other: 1.0%4,386PopulationWhiteWhite90.5%BlackBlack8.5%OtherOther1.0%

Income & Economy

The median household income in Sherman is $148,906, which is 84.7% above the national median of $80,610. The per capita income is $63,847. The poverty rate is 2.2%.

$148,906
Median Household Income
$63,847
Per Capita Income
2.2%
Poverty Rate

Advance Your Career in Sherman

Tools that help you land a better-paying role — wherever you live. · Sponsored - see disclosure.

MyPerfectResume · (Ad)
Create an ATS-friendly resume in minutes. Trusted by millions of job seekers.
Build My Resume →
FlexJobs · (Ad)
Access 50,000+ vetted remote, hybrid, and flexible job listings. No ads, no scams.
Find Remote & Flexible Jobs →
ExpertRating · (Ad)
300+ online certifications in Project Management, Six Sigma, IT & more.
Get Certified & Earn More →
Mondly by Pearson · (Ad)
Join 140M+ learners. Master any of 41 languages with bite-sized lessons.
Learn a New Language →

Education

In Sherman, 97.3% of residents age 25+ have a high school diploma or higher, and 49.5% hold a bachelor's degree or higher (21.2% with a graduate or professional degree).

HS Diploma+
97.3%
Bachelor's+
49.5%
Graduate+
21.2%
Education Level % of Adults (25+)
High School Diploma or Higher97.3%
Bachelor's Degree or Higher49.5%
Graduate or Professional Degree21.2%

Housing

The median home value in Sherman is $297,800, below the national median of $303,400. The median monthly rent is $2,041. The homeownership rate is 90.2%.

$297,800
Median Home Value
$2,041/mo
Median Rent
90.2%
Homeownership Rate
Housing Metric Value
Median Home Value$297,800
Median Monthly Rent$2,041
Homeownership Rate90.2%
Vacancy Rate2.1%

Salaries in Illinois

Explore salary data for popular occupations in Illinois:

See all Illinois salaries →

Other Cities in Illinois

See all Illinois cities →

Frequently Asked Questions

What is the population of Sherman, Illinois?
The population of Sherman, Illinois is 4,386 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Sherman, Illinois?
The median household income in Sherman, Illinois is $148,906. This is 84.7% above the national median of $80,610.
What is the median home value in Sherman, Illinois?
The median home value in Sherman, Illinois is $297,800. The median monthly rent is $2,041.
What percentage of people in Sherman have a college degree?
In Sherman, Illinois, 49.5% of adults age 25 and older hold a bachelor's degree or higher, and 97.3% have a high school diploma or higher.
Is Sherman, Illinois an affordable place to live?
The home price-to-income ratio in Sherman, Illinois is 2.0x (median home value $297,800 vs. median income $148,906), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

🏠 Thinking About Moving to Sherman?

Find resources to help plan your move, explore homes, and compare insurance rates in Illinois.

Salary Data in Illinois

All Jobs in Illinois Highest Paying Jobs Jobs Over $100K Average Salary

🏘️ Get City & Demographic Insights

Free data-driven updates on cities, salaries & cost of living — no spam, unsubscribe anytime.

Join Americans who use data to make smarter decisions. Privacy Policy

Share this page: X Facebook LinkedIn